B2Gold (TSE:BTO) PT Lowered to C$6.00

B2Gold (TSE:BTO) (NYSE:BTG) had its price objective decreased by BMO Capital Markets from C$6.50 to C$6.00 in a report released on Monday, BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

BTO has been the subject of a number of other research reports. Cormark downgraded shares of B2Gold from a moderate buy rating to a hold rating in a research report on Monday, August 12th. Cibc World Mkts raised shares of B2Gold from a hold rating to a strong-buy rating in a research report on Wednesday, August 14th. Scotiabank downgraded shares of B2Gold from an outperform rating to a sector perform rating in a research report on Friday, August 9th. CIBC set a C$3.30 target price on shares of B2Gold and gave the company an outperform rating in a research report on Wednesday, August 14th. Finally, Canaccord Genuity Group decreased their price objective on shares of B2Gold from C$7.50 to C$7.00 and set a buy rating for the company in a research report on Tuesday, August 13th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Buy and a consensus target price of C$5.94.

B2Gold Trading Up 1.4 %

Shares of TSE:BTO opened at C$4.50 on Monday. B2Gold has a 12 month low of C$3.18 and a 12 month high of C$4.74. The company has a quick ratio of 3.33, a current ratio of 2.93 and a debt-to-equity ratio of 1.05. The company’s fifty day simple moving average is C$3.93 and its 200 day simple moving average is C$3.74. The firm has a market cap of C$5.90 billion, a price-to-earnings ratio of -28.13, a PEG ratio of -0.27 and a beta of 1.21.

B2Gold (TSE:BTO) (NYSE:BTG) last released its earnings results on Thursday, August 8th. The company reported C$0.08 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.02). The business had revenue of C$673.95 million during the quarter. B2Gold had a negative net margin of 7.23% and a negative return on equity of 3.47%. As a group, research analysts forecast that B2Gold will post 0.6237337 EPS for the current fiscal year.

B2Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 23rd will be issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $0.22 dividend on an annualized basis and a yield of 4.89%. B2Gold’s payout ratio is currently -137.50%.

Insiders Place Their Bets

In other news, Senior Officer Randall Chatwin sold 10,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$4.53, for a total value of C$45,300.00. Company insiders own 0.70% of the company’s stock.

B2Gold Company Profile

B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.